Alliance Data Systems’ (NYSE:ADS) Buy Rating Reiterated at Royal Bank of Canada
Alliance Data Systems (NYSE:ADS)‘s stock had its “buy” rating reissued by investment analysts at Royal Bank of Canada in a research note issued to investors on Thursday, January 4th. They presently have a $293.00 price objective on the business services provider’s stock. Royal Bank of Canada’s target price would suggest a potential upside of 11.91% from the stock’s previous close.
Other research analysts have also issued research reports about the company. Stephens set a $304.00 target price on Alliance Data Systems and gave the stock a “buy” rating in a research report on Tuesday, January 2nd. ValuEngine upgraded Alliance Data Systems from a “hold” rating to a “buy” rating in a research report on Saturday, October 21st. SunTrust Banks restated a “buy” rating and set a $310.00 price objective on shares of Alliance Data Systems in a research report on Friday, October 20th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $300.00 target price on shares of Alliance Data Systems in a research note on Friday, October 6th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $235.00 target price on shares of Alliance Data Systems in a research note on Wednesday, October 18th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $274.06.
Alliance Data Systems (ADS) opened at $261.82 on Thursday. The company has a market capitalization of $14,465.21, a P/E ratio of 27.76, a PEG ratio of 0.94 and a beta of 1.79. The company has a debt-to-equity ratio of 9.53, a current ratio of 2.11 and a quick ratio of 2.09. Alliance Data Systems has a 12-month low of $209.00 and a 12-month high of $278.33.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fiduciary Trust Co. bought a new stake in shares of Alliance Data Systems during the 2nd quarter worth about $108,000. ETF Managers Group LLC bought a new stake in shares of Alliance Data Systems during the 2nd quarter worth about $128,000. WFG Advisors LP boosted its stake in shares of Alliance Data Systems by 135.9% during the 2nd quarter. WFG Advisors LP now owns 677 shares of the business services provider’s stock worth $174,000 after acquiring an additional 390 shares in the last quarter. Commonwealth Bank of Australia lifted its position in shares of Alliance Data Systems by 66.6% during the 2nd quarter. Commonwealth Bank of Australia now owns 728 shares of the business services provider’s stock worth $185,000 after purchasing an additional 291 shares during the last quarter. Finally, Simonbaker & Partners LLC acquired a new position in shares of Alliance Data Systems during the 2nd quarter worth about $202,000. Institutional investors own 94.77% of the company’s stock.
About Alliance Data Systems
Alliance Data Systems Corporation is a provider of data-driven marketing and loyalty solutions serving consumer-based businesses in a range of industries. The Company offers a portfolio of integrated outsourced marketing solutions, including customer loyalty programs, database marketing services, end-to-end marketing services, analytics and creative services, direct marketing services, and private label and co-brand retail credit card programs.
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